According to The Block’s report Grayscale is launching a new AI fund for Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR).
Accordingly, Grayscale, one of the world’s largest fund managers, is launching a new fund focusing on decentralized artificial intelligence.
According to the announcement, the Grayscale Decentralized AI Fund LLC, which will be rebalanced quarterly, aims to support AI-related investment efforts in the cryptocurrency sector.
Among the decentralized AI projects included in the new fund basket: Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR) and Render (RNDR) While Near, Filecoin and Render were the highest weighted assets of the fund.
Rayhaneh Sharif-Askary, Grayscale’s head of product and research, said in a statement: “Blockchain-based AI protocols embody the principles of decentralization, accessibility, and transparency, and the Grayscale team believes these protocols can help mitigate key risks that arise with the proliferation of AI technology.” said.
*This is not investment advice.
For exclusive news, analysis and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Also Android And IOS Download our apps and start tracking live prices now!